Installed building products, inc. (IBP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Net revenue

397,331

401,231

396,449

371,814

342,135

353,121

348,999

332,584

301,728

299,869

295,193

282,196

255,669

233,977

225,392

211,913

191,698

191,499

181,579

159,693

129,948

145,270

140,456

126,348

105,946

119,330

115,950

104,687

91,962

Cost of sales

281,071

281,193

278,362

264,557

252,697

254,483

251,665

236,941

221,752

218,524

209,612

197,268

183,497

165,623

158,132

149,670

137,107

137,031

128,162

113,411

95,822

106,060

100,828

91,539

79,541

88,120

86,001

78,432

69,688

Gross profit

116,260

120,038

118,087

107,257

89,438

98,638

97,334

95,643

79,976

81,345

85,581

84,928

72,172

68,354

67,260

62,243

54,591

54,468

53,417

46,282

34,126

39,210

39,628

34,809

26,405

31,210

29,949

26,255

22,274

Operating expenses
Selling

20,355

20,585

19,398

17,903

17,130

17,805

17,434

16,020

15,846

15,909

14,865

13,650

14,026

13,428

13,028

11,960

11,251

10,427

10,282

8,881

8,112

8,884

8,041

7,556

6,470

7,055

6,546

6,156

5,752

Administrative

60,195

58,112

55,098

52,493

48,431

48,339

48,337

44,971

44,203

41,774

41,657

41,761

39,261

32,795

31,504

30,890

30,283

26,769

25,841

24,528

22,237

20,276

20,084

21,957

18,361

18,011

16,883

16,854

15,446

Amortization

6,680

6,435

6,156

6,021

5,888

5,722

5,228

7,322

7,128

7,110

6,824

6,550

6,416

3,081

2,889

2,810

2,479

2,173

1,817

1,485

789

733

693

714

697

756

757

753

791

Operating income

29,030

34,896

37,435

30,840

17,989

26,753

26,335

27,330

12,799

16,595

22,235

22,967

12,469

19,050

19,839

16,583

10,578

15,099

15,477

11,388

2,988

9,317

10,810

4,582

877

4,538

5,763

2,492

285

Other expense
Interest expense, net

7,358

8,321

8,458

5,649

5,676

5,483

5,282

5,691

4,040

5,925

4,421

4,865

2,170

1,571

1,544

1,509

1,553

1,084

989

967

698

970

934

674

588

600

613

582

462

Other

0

-70

-155

-101

-125

-118

-132

-163

-122

-699

-83

-131

-152

-15

-23

-121

-104

1,073

-138

-194

-25

-146

-51

-98

462

9

-140

235

-71

Non-operating (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,127

-1,161

-723

-

-985

-772

-126

-591

-753

-347

-533

Income before income taxes

21,672

26,505

28,822

25,090

12,188

21,152

20,921

21,476

8,637

9,971

17,731

17,971

10,147

17,464

18,272

14,953

8,921

15,088

14,350

10,227

2,265

8,201

9,825

3,810

751

3,947

5,010

2,145

-248

Income tax provision

5,684

7,311

7,610

6,171

3,354

4,676

5,358

5,161

2,243

-822

5,721

5,998

3,783

6,383

6,723

4,960

3,108

5,801

4,869

3,720

1,023

3,145

3,629

1,483

350

1,570

1,942

709

-5

Net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,056

6,196

2,327

401

2,377

3,068

1,436

-243

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-33

-45

0

-187

-486

-287

Income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-13

-17

-

-86

-276

-

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-20

-28

0

-101

-210

-287

Net income

15,988

19,194

21,212

18,919

8,834

16,476

15,563

16,315

6,394

10,793

12,010

11,973

6,364

11,081

11,549

9,993

5,813

-

-

-

-

5,056

6,196

2,307

373

2,377

2,967

1,226

-530

Other comprehensive (loss) income, net of tax:
Unrealized loss on cash flow hedge, net of tax benefit of $1,939 and $921 for the three months ended March 31, 2020 and 2019, respectively

-5,608

1,309

-1,726

-3,546

-2,749

-3,503

818

475

1,160

-

32

-77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income

10,380

20,503

19,486

15,373

6,085

12,973

16,381

16,790

7,554

11,345

12,042

11,896

6,364

-

11,549

9,993

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,481

6,507

1,242

5,056

6,196

2,307

-19,524

751

1,389

-306

-2,017

Basic and diluted net income (loss) per share attributable to common stockholders:
Income (loss) per share from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

0.07

-0.01

-0.08

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.01

-0.01

-0.01

Basic and diluted net income per share

-

-

-

-

-

-

-

-

0.20

-

-

0.38

0.20

-

0.37

-

0.19

-

-

-

0.04

-

-

-

-

0.04

0.06

-0.02

-0.09

Basic net income (loss) per share attributable to common stockholders:
Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.19

0.08

-0.75

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.01

-0.01

-

-

-

-

Basic net income per share

0.54

0.64

0.71

0.64

0.30

-

0.50

0.52

-

-

0.38

-

-

-

-

0.32

-

-

0.30

0.21

-

-

0.19

0.07

-0.76

-

-

-

-

Diluted net income (loss) per share attributable to common stockholders:
Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.19

0.08

-0.75

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.01

-0.01

-

-

-

-

Diluted net income per share

0.53

0.64

0.71

0.63

0.30

-

0.50

0.52

-

-

0.38

-

-

-

-

0.32

-

-

0.30

0.21

-

-

0.19

0.07

-0.76

-

-

-

-

Weighted average shares outstanding:
Basic

29,722

29,787

29,785

29,758

29,679

30,305

31,229

31,345

31,548

31,660

31,659

31,646

31,590

31,324

31,323

31,317

31,242

31,233

31,237

31,228

31,493

31,968

31,839

30,777

25,841

-

-

-

-

Diluted

29,930

29,973

29,877

29,834

29,806

30,380

31,312

31,452

31,772

31,861

31,766

31,709

31,687

31,397

31,377

31,347

31,330

31,305

31,288

31,249

31,494

31,968

31,839

30,777

25,841

-

-

-

-

Weighted average shares outstanding (basic and diluted)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,033

22,033

22,033